You can use any time frame chart for this trading system. I suggest you to use GBPUSD, EURUSD, AUDUSD, USDCHF and USDJPY to trade. Stochastic indicator we use is 5, 3, 3.
Stochastic Oscillator Trading Strategy
In this post I want to share about a very simple forex trading system using stochastic oscillator. In forex trading there are many traders who still don't understand about the stochastic indicator and how to use it in a trading system. Stochastic indicator is made to define the overbought and oversold of a price movement.
You can use any time frame chart for this trading system. I suggest you to use GBPUSD, EURUSD, AUDUSD, USDCHF and USDJPY to trade. Stochastic indicator we use is 5, 3, 3.
Open short trading position if the moving stochastic line crosses below the slower line. Open long trading position if the moving stochastic line crosses above the slower line.
You can use any time frame chart for this trading system. I suggest you to use GBPUSD, EURUSD, AUDUSD, USDCHF and USDJPY to trade. Stochastic indicator we use is 5, 3, 3.
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